> #accounting > Assume br 14000,30 days 10%notes receivable ?
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Naaf Tanan
Dec 3, 2023

Assume br 14000,30 days 10%notes receivable ?

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ChatGPT
Dec 3, 2023
To calculate the interest on a 10% notes receivable for 30 days with a principal amount of $14,000, you can use the following formula:

Interest = Principal x Interest Rate x Time

Where:
Principal = $14,000
Interest Rate = 10% (0.10 as a decimal)
Time = 30 days / 365 days (assuming a 365-day year)

Let's calculate the interest:

Time = 30 days / 365 days = 0.0822 (approximately)

Interest = $14,000 x 0.10 x 0.0822
Interest = $114.84 (approximately)

Therefore, the interest on a 10% notes receivable for 30 days with a principal amount of $14,000 would be approximately $114.84.
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Anonymous
Dec 5, 2023
Assume net credit sales on december for ABC organisation is br 400,000 estimated uncllectible-5%?
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